haines was apparently dead for a few date before her body was found. an autopsy showed her suffered head injury but the exact cause of her death hasn't been determined. court records show haines had a restraininged order against the father of her 1-year-old daughter following several domestic violence complaints. police say he hats been interviewed. >>> president obama is holding a second town hall meeting of the day on health care. this is happening at a kroger supermarket in bristol, virginia. live pictures for you right now. and this is coinciding with word of a major agreement that was cleared the guy a house vote on its version of the health care reform bill. back in washington, the final holdouts within the democratic party signed on. we're talking about the blue dogs. they were concerned saying that they thought it cost too much. earlier today in raleigh, the president was reassuring his audiences in spite of what critics were saying people shouldn't be afraid of reform. >> i have been as clear as i can be. under the reform i proposed, if you li

i'm mark haines. stocks gearing up to follow the global markets higher as intel's results fuel hopes. here we go again for an economic recovery. >> one could be forgiven for getting a little nauseous every day. you know, it's all the world pulling apart. oh! economic recovery. >> make up your mind. >> consumer inflation numbers were closely watched this morning. they rose at the fastest pace in 11 months thanks to gasoline price which is abated a bit. take that out and we don't really fear have an inflation problem, but equally as important you do not appear to have a deflation problem. >> all right. so anyway, we will make some money here today. the futures up, call it 12. needed a point to give it fair value, looking at maybe 70, 80 points on the dao at the open. >> let's get stray to the market reporters find out the names to watch. especially those trading to the up side given the traders side. bob pisani, good morning. >> hello. all about intel today. we'll get the details from bertha. intel news

." >> i'm scott wapner in more mark haines. oil extended the previous weeks loss losses. >> let's look at the futures. it's lower across the board. a lot of concern. as we've been saying, scott, one of us said to me this morning it's more like there's moss, not green shoots. going from green shoots to moss is a downgrade. maybe that's what we're seeing in the market. the dollar, interesting story. china making reassuring comments about the dollar. ahead of the g-8 meeting in italy this week. beijing has made all sorts of noises about maybe getting another currency instead of the dollar to be the global reserve currency. they are now saying, however, they foresee the dollar to be the main currency 40 well extended too chur. china's vice foreign minister told reporters it is not the position of the government that tus dollar is still the most important may currency of the day. >> that is the formal position. >> until tomorrow. >> until they say, oh, what about the ruble? >> i think they've enjoyed te e tweaking us over the dollar

still is. >> reporter: hains a champion walker in her youth turned up 13 miles away. more than 60% of all patients walk away or go missing at some point. this results in more than 30,000 search and rescue operations each year. now hains wears a personal low kay tore bracelet that sends out radio signals, making it easier to track her down. portable receivers track signals up to 7 miles away. >> the frequency they have reserved for this is a medical frequency, using it under medical terms and it is saving lives. >> reporter: the sergeant helped track down patients wearing the bracelet. project life saver said they rescued almost 2000 patients. when luis walked off again on july 4th, the search took less than two hours. >> i knew she would be found in a relatively short time. >> reporter: it is available in 45 states, in some cases free or can be purchased for a hundred dollars plus a small monthly fee. kelly lynn with health watch. >> can also be use for down's syndrome and those with autism. >>> time for a look at the stories in tomorrow's baltimore sun. meet the dire

i'm mark haines. stock is going to be under pressure at the open following a disappointing durable goods number. and a slide in china overnight. a big one. 5%. that's the shanghai index. >> i think it's dropped since november when everybody was worried it would spread. >> it's a volatile market though. >> it is. the world's second biggest now. europe is definitely doing a little bit better. big story here, microsoft and yahoo! striking a long-awanted deal. microsoft will power yahoo!'s search. that means bing, as it's called, is going to go to a whole lot more people. yahoo! is going to run sales for both firms. complicated but important story. david faber will have all the details coming your way. >> the brain understands all. >> the brain does. >> checking those futures for you. down 5.90. fair value needed point, 62. about 40 points on the open on the dow. >> let's get to our market reporters. 5% drop mark referred to. biggest percentage drop since november. people were worried about profits. i bel

i'm mark haines. what financial meltdown? goldman sachs easily beating profit expectations, on strength in trading and underwriting business. david faber on a call with goldman's cfo right now will bring if us all the headlines. >> great to have you back, mark. mark and i have been betwikt and between but together again.. goldman sachs surpassing the record, pretty amazing.g. on the economic front, investors are looking at stronger than expected retail sales, okay. so that's solid but then the biggest jump in wholesale prices since last 2007, maybe that will go away but we'll go inside those numbers. >> picture right now is not good bad, but not too bad either. we needed 116 to get to fair value so it's even steven. >> goldman sachs is up 5.5% yesterday in anticipation of these numbers being that strong. but what about on the economic side? we've got our market roerpts in place. bob pisani, welcome back. >> good to be back. goldman sachs, down about 1% on the news, but great nuns here t beat on the top line. bottom line terri

court records also show haines had a restraining order against him. >> reporter: haines also had three other children. her youngest is in state custody. >>> police say eric canton was under the influence of halluc na nogenic mushrooms when he fell four stories back in april. this this morning, they charged him. he could spend up to 10 years in prison. >>> the brutal murder of a 17- year-old girl in los angeles, continues to spark outrage. and the man charged with the crime, had several previous run- ins with the law. sandra hughes reports for wjz, on a young life cut short. >>> memorials have popped up all over. from the street where she was abducted to an online sight. like adorable, fabulous, talented lily, who lit up the stage, wherever she was. the 17-year-old, who loved to write and volunteered with the homeless, had a care-free life and bright future until her tragic death. >> she was just such a wonderful, vibrant kid. >> reporter: it was a deadly coincidence that lily burk crossed paths with the man now charged with her brutal murder. at 3:00 p.m. last friday, she was running a

a neighbor called police after she smelled a strong order coming from darlene haines' apartment. >> the medical personnel, given the late stage of pregnancy, that this infant was viable and it could perhaps survive. it may be alive as we speak now. but the baby would be in dire need of medical attention. >> right now police are looking for the father of haines' 1- year-old daughter. she filed a restraining order against him after he allegedly assaulted her. >>> an update now on a d.c. girl quarantined in china for nine days with the h1n1 flu. the 16-year-old girl is out of the hospital. she was one of nine students in her tour group diagnosed with the virus, but she was one of the last ones or the last one, i should say, released from the hospital. she's now rejoined the group at a beijing hotel. >>> out with the old, in with the new. if you're ready to trade in that old cell phone for the latest and grfateadsteage g t od the market, he asm se somart neho tollcethat. yo carrier. many of them will recycle or refurbish your phone. ge t d haofrid t tolphon through the postal system. th mae

haines haines' family said she filed a restraining order against her ex-boyfriend, father of this baby and another child. friends say she felt threatened, but she was also very trusting. >> she's so kind hearted, though, that she would let anybody into her home. anybody. she was very lonely, very depressed. and anybody that was willing to come sit and talk with her, she would let into her home. >> we'll take your calls if you have thoughts, 1-877-tell-hln. joining me to talk about it, don clark, former fbi special agent in charge. dr. jeff gardere. and laura kramaldi for the boston herald. any leads on finding this baby? >> investigators haven't had much to say to reporters about this case. the district attorney just released a statement a few minutes ago, indicating that he wanted to give worcester police room to do their investigation, given the horrific facts of this case. and would not be getting in their way. >> laura, do they believe the baby is still alive? are you getting any inkling there? >> as of last night, that was their hope. but no indication that they were in the neighb

haines, back to you. >> mr., thank you very much, sir. >>> coming up, drilling down on this morning's gdp numbers. what they say about the fate of the economy. the market, okay. >> that's right. we're up now. epa administrator lisa jackson will be our guest to talk about the cash for clunkers program. we got news from there christina romer continuing to say it's not suspended. but they do need more money. they'll get it. the question is, how much. in these markets, i'm glad i turned to fidelity for an annuity with guaranteed income for life. that's right, guaranteed income for life. my annuity from fidelity means my retirement income is safe. it's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... for details about guaranteed income for life. medicare supplement insurance plan card. you know what's great about this card? wherever you go, nationwide, your coverage travels with you. and that's just one of the many r

the baby's mother darlene haines was found dead in her massachusetts apartment monday.lord says a horrifying smell made him go inside. haines was eight months' pregnant and had three other children. >> she's so kind-hearted though that she would let anybody into her home, anybody. she was very lonely, depressed, and anybody who was willing to come and sit and talk with her she would let into her home. >> public records say the suspect lived in the same apartment building as haines in the past. she got tips from acquaintances who became suspicious is when when she just turned up with a newborn girl. >>> a new york doctor performed surgery on the wrong knee of a patient according to state records, it's second time he's done it in seven years. dr. bruce klein admitted negligence and publicly centered and reprimand but he still has his medical license. he did agree to take part in an education program as part of his penalty. >>> california vendor who got paid with one of those ious is going to court. the woman provided 1,200 embr d embroidered shirts and uniforms to a youth

>> so we're going to talk about the haines bottom.'s get down to -- >> i haven't talked about that since you came back from vacation. >> you rode hoeng's coattails on that let's call it the way it is, mark. >> craig, how do you see the market right to you? >> i frankly see the path of least resistance here continues to be higher. the few reasons i think that number one, obviously it's the wow factor in earnings season is behind us here. upside surprise have been commonplace, the tenor of earnings season will continue to be positive. number two, there's still a lot of cash building up on the sidelines here. $3.6 trillion in money market funds. third, if you look at the valuation of the s&p on 2010, 12 or 13 times earnings rate, leaves an upside based on an historical measure. >> gordon, over the last two weeks, market are up 34%. germany, 15, france, 13. in two weeks. i understand momentum, but what justifies that? >> you know, look, you have an overflow condition, you start to get some confidence back in the markets, all over the plac

haines this morning. >> how come i couldn't do the "live from"? >> i was eager to try to do it. >> you're good at that. >> nothing compared to mr. haines. we are looking at, yes, over 9,000. i know that happened while i was gone, steve. but a drift lower. looks like maybe at the open. verizon, aetna, honeywell, none of them inspiring the market. although we did get a pieces of revenue growth. >> that's what it says on the prompter, steve liesman? >> i'm glad you're steve liesman. >> bernanke said he had to hold his nose throughout the bailouts of the banks last year. we're going to look at the futures right now. >> right now we'll show you a little bit tepid. so let's just say this. we are searching for direction. so a head like could come along, steve. >> yeah, but remember what we're saying here and what we said last friday. anything but a huge sell-off is a victory for the bulls here. it was a huge move last week. people said, oh, that's going to be gone in a second. it was not. it held on. even just holding our own is a victory. >> yes. look a

darlene mainswa -- hain es was the mother of three daughters. >>> two san francisco attorneys met with three hours. he was surprised that the $60 billion-dollar ponzi scheme wasn't discovered sooner. the scc is conducting an indepth review of how they missed the fraud. the lawyers who made off represented about a dozen investor who is lost money in the scheme. >>> how safe is the ready to eat produce in your grocery store. members heard testimony from people who contracted e.coli from bags of spinach. a house vote is scheduled for tomorrow. >>> if you're a consumer of organic foods, a new study says they're not bringing you any extra health benefits. the study says that nose evidence that organize -- organic foods are not superior. >>> is it the swimmers or the swim suits. michael phelps' coach is outraged over the new suits are having. phelps was beaten yesterday by an unheralded german swimmer who was wearing one of the new suits. how they help them go faster. >> as you swim you get tired and kind of sink. these suits keep you up even when you're tired so it helps you in the back hal

a neighbor called police after smelling a strong odor coming from darlene haines' apartment. >> according to the medical personnel, given the late stage of pregnancy that this infant was viable and it could perhaps survive and may be alive as we speak now, but the baby would be in dire need of medical attention. >> right now police are looking for the father of haines' 1- year-old daughter. she filed a restraining order against him after he allegedly assaulted her. that daughter is safe with relatives. >>> an update on a d.c. girl quarantined in china for nine days with the h1n1 flu. 16-year-old girl is finally out of the hospital. her mother called us last night to give us the good news. he was one of nine students in her tour group diagnosed with the virus, but leana was the last one to be released from the hospital. she's now rejoined the group at a beijing hotel. >>> president obama says all u.s. combat troops now serving in iraq will be home by the fall of 2010, but some soldiers may leave iraq sooner than expected. before leaving iraq, secretary of defense robert gates predicted a c

"today" correspondent sara haines with trixie has some results. >> that's right, natalie. dog to work day. but when dogs came to the "today" show office, did productivity increase or did the day go to the dogs? the day started off well. >> good morning. >> and the mood in the office was cheerful. >> i have the cutest dog. >> one big pro of bringing your pet into the office is it makes you happier. numerous studies show having your pet with you releases stress. >> it really is nice to have her here. everybody stops just to say hello to the dog. >> but were "today's" staffers getting any work done? >> well, i've been holding henry for the last five minutes and i've done no work, so i'm going to go less productive, but i'm very happy. >> this might be a little bit too much to handle. >> from producers to anchors, everyone had an opinion about our four-legged friends. let's say some big news happens and you're in the office, do you feel having dogs around -- >> no, they get it. dogs go into a breaking news kind of crouch. they can feel breaking news like they can feel a thunde

i'm mark haines. >> i'm rebecca jarvis. have a great day. this is cnbc.com news now. >> oil is lower for the sixth consecutive trading session, remaining on the minus side even after the energy department reported a drop of 2.9 million barrels in its weekly inventory report. >>> and general motors expects its vehicle sales in china to be up a little more than 20% this year. that's almost double what the company was predicting earlier this month. >>> and us airways ceo doug pa

more than doubling since the haines bottom.we will talk business where the chairman and ceo in another interview. you will see it here first on cnbc. you are watching "squawk on the street." we are first in business worldwide. d#: 1-800-345-2550 "i'm rethinking everything... tdd#: 1-800-345-2550 including who i trust to look after my money." tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 "the dust might be settling... tdd#: 1-800-345-2550 that's great, but i'm not." tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 "i guess i'm just done with doing nothing, you know?" tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 "oh, i'm not thinking about moving my money. tdd#: 1-800-345-2550 i am moving it." >>> johnson controls back in the black posting a profitable quarter. cost cuts and heating systems maker, but as the automaker faces an up hill battle in coming quarters, will johnson controls be able to keep the automotive unit chugging along? joining us now stephen roell, johnson controls chairman and ceo. >> good morning, rebecca. >> you've got a quar

plus, albert haines whort plea deal in nashville today. we will have the details coming up in sports. (male anuncer) if you've had a hearatta caused by a completely blocked artery, another heart attack could be lurking, waiting to strike. a heart attack caused by a clot, one that could be fatal. but plavix helps save lives. plavix, taken with other heart medicines goes beyond what other heart medicines do alone to provide greater protection against heart attack or stroke and even death by helping to keep blood platelets from sticking together and forming clots. ask your doctor about plavix, protection that helps save lives. (female announcer) if you have stomach ulcer or other condition that causes bleeding, you should not use plavix. when taking plavix alone or with some other medicines including aspirin, the risk of bleeding may increase so tell your doctor before planning surgery. and always talk to your doctor before taking aspirin or other medicines with plavix, especially if you've had a stroke. if you develop fever or, unexplained w

we will talk to mark haines.nd tracking down terrorists and war criminals. that's all coming up. you are watching "morning joe" brewed by starbucks. undefeated professional boxer floyd "money" mayweather has the fastest hands boxing has ever seen. so i've come to this ring to see who's faster... on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. does two jobs... at once. one: kills weeds to the root. two: forms a barrier, preventing new ones for up to four months. roundup extended control. >>> there are those that will oppose reform no matter what. we know the same special interests and their agents will make the same arguments and use the same scare tactics that stopped reform before because they profit from the relentless escalation in health care cost. i know onc

les check business before the bell withccc's mark haines.. >> i stay here for haines. care of it. >> let's get to thehe market. it okoks like mht open up slightly --- havave to tell yo apapogogiz to mike bbarcle, thee stock maet ran into a road mp, a speed bumphere. peoplele startedo worry again about whether the economy iss really recovering. certainly nott mme,ike. but pepelele a. anand toyy we are seing more evidence of tht. i i staring p,p,y the way, because i hee aboboar by the way,ususover the cmera with all sorts s of data on it.. i am seeeein oils nowown another bubuc atat'sreat news for thosef you who needednenerg which is everybody, but it incates to investors s that ybe th e enoy is weak. less demandfor e eney y mes weaker economy. that's t the way thh think. sothat mindset isisind of crcrpipingn to the market right now,w, n necessarily into the ececomomy,though. i saw data yesrdrd aboutt loan dedeliuencies, and how eerybody was ringingheheands becaususe total ln delininenenci has risen, andnd nodody istopping to say tt means 96.77% are n n denqnquent. we t

well, okay. >> mark haines, we love you. >> anyway, look. here's a note on the jobs thing. okay?e late '90s, we haven't grown jobs as much as we used to when the economy was expanding. so don't get hung up on, oh, they're still not growing jobs. the economy can rebound and can prosper even if job growth is relatively tepid. >> thank you so much, mark. >>> new jobless claims rise to 554,000. total rolls fall. the government says the number of newly laid off workers seeking jobless benefits rose last week though the report was distorted by the timing of auto plant shutdowns. they expected though the department analyst says the government sees the adjustment process seeing a sharp drop in claims this week but that didn't happen. >> the battle over the e-book has technology changing the way you read a book. hi, may i help you? yes, i hear progressive has lots of discounts on car insurance. can i get in on that? are you a safe driver? yes. discount! do you own a home? yes. discount! are you going to buy online? yes! discount! isn't getting discounts great? yes! there's no discount for

i'm mark haines. mood swinging investors back to being popular this morning. positive results, shrug ugh off a miss by exxon. >> shares of g.e., some rare respite. up about 6% in early market action. goldman sachs upgraded ge. that could apply to a whole lot of companies out there in manufacturing that have subsidiaries contributing to an overall positive move on the market. >> i thought ge capital was what was holding the stock back. >> there is -- there is that. yes. >> all right, silly me. trying to be logical on wall street. >> yeah. >> okay. this is right now. look at that, added fair value. you're looking at maybe 100 points on the dow at the open. >> and steve liesman, check in with you on the jobless numbers. what do you see there? >>> the claims came in under expectations. all of the noise was a result of the data that we saw as expected. distorgs have worked themselves out since probably the first true reading of the jobs situation we've had in weeks and it shows strong improvement. claims up 45,000. the average ticking down. continuing claims coming

coming up next, business before the bell with cnbc's mark haines. right here on "morning joe." the great taste of splenda® no calorie sweetener and added a little fiber? sweet! sweet! (together) sweet! (announcer) now for the first time, a gram of healthy fiber in every packet. sweet! (announcer) splenda® with fiber. the $9 icebreaker. walmart announces select eyeglass frames for just $9 -- and they have a 12-month guarantee. back to school costs less at walmart. save money. live better. walmart. more bars in more places. at&t. the best coverage worldwide. for back to school, get the pantech matrix for $29.99 after mail-in rebate. >>> welcome back to "morning joe." that's a shot of manhattan. believe it or not. somewhere through the fog we see a beacon, a shining light, if you will. >> are you losing it? >> hello, mark. let's get the wardrobe taken care of before the hit going forward if we could. >> yeah, that is indeed jersey city, right by the ferry terminal, in fact. >> do you hangout there? >> yeah, i like sailors. it's the ferry terminal. that

latest with cnbc's mark haines when we come back.fast relief of your diarrhea symptoms, so you can get back out there. imodium. get back out there. you hungry? yeah. me too. (door crashes in) (broadview alarm) (gasp and scream) go! go! go! go! go! go! (phone rings) hello? this is mark with broadview security. is everything okay? no. someone just tried to break in. i'm sending help right now. thank you. (announcer) brink's home security is now broadview security. call now to install the standard system for just $99. the proven technology of a broadview security system delivers rapid response from highly trained professionals, 24 hours a day. call now to get the $99 installation, plus a second keypad installed free. and, you could save up to 20% on your homeowner's insurance. call now - and get the system installed for just $99. broadview security for your home or business - the next generation of brink's home security. call now. hypocratic. >>> i think he has something in his pocket. >> let's get a check on business before the bell wi

the reason being i know where mark haines is right now.ing, you must make the case of why the bottom is going the way of the do do. >> i have a gift for mark i was going to provide him today. he's not here. i'm going to save it for next time. when i was with you on april 14th we were talking about the economic recovery. he loved my tie. he and i were headed for washington to talk to the defense department after the snipers took out the pirates. remember? >> uh-huh. >> in certain asian cultures when you're complimented on your tie, you give that tie to the complimenter. >> oh, so mark is getting the tie. he'll be very -- now you're going to make nice to him after you say is bottom is going the way of the do-do. >> i think his bottom is about to get -- frankly. i think that because recently i was on a tour in the carolina mountains with some clients at their summer home. and i always ask them questions. how do you feel about certain things? what's going on in your tummy? what's going on in your heart? they're afraid. they're really scared. i

>> everybody knows mark haines delivers, president obama is at the point in the health care plan where he needs his personal persuasive power, all of the competi competing diagnoses on capitol hill are resisting both the tax provision and the cost control provisions in the bill and slowing the process down and slow the house down. that means you slow the senate down as well. the insurance industry is now bracing to become the target for attack. one sign of this, they are now shifting from talking about taxing employee benefits to taxing the insurance companies that offer the employee benefit. it's the same aim, same kind of tax. they thing it sounds better politically if they tax the insurance companies rather than the employees themself. and finally president obama has the challenge on his shoulders to try to make the sale to the public that we can't slow down or delay to get this done. the market is a very bill political challenge. >> john harwood. can president obama convince $250 million americans that are insured that this health care reform program will help them? here to discuss

i'm mac haines. >> i'm rebecca jarvis. the wall street post report that aig set to pay millions more in bonuses. financial blogs and others all fired up about this. but if you do the math, $2.4 million, aig allocate to the 40 execs comes out to $60,000 a head. sounds more like the cost of doing business than lavish compensation packages. if you're an investor, the thing you should really be outraged about is since the aig's reverse stock split at the end of june, shares have been more than cut in half. what happened to all of that counteparty stuff, t, mark, the 100 cent on the dollar that got paid through to their counter parties. that sort of disappeared. >> yeah. you noticed that. let's check out the futures. they weren't too good earlier. they're still not good. we're down 6.90. we needed 0.38 to fair value. 40, 60 points on the dow at the open. once again, it is now official. they are officially out of bankruptcy. this morning the -- what the procedure is. i guess the court says -- >> you've been cleared for the asset

baby's mother darlene hains was found dead in her apartment on monday, she was 8 months pregnant. death has been ruled a homicide. >>> today the president's getting ready for a drink and some diplomacy. he's invited two men for a beer at the whitehouse. one is a prominent black harvard scholar, the other a white small town police officers. they are the central figures in an arrest that turned into a racial controversy that divided the nation. president obama's hoping that some beer and calm conversation will cool things off and bridge the divide. brooke hart reports. >> reporter: before and after chip gates was handcuffed at his home, many saw one questionable call after another. >> the cambridge police acted stupidly. >> reporter: president obama said later he didn't quite mean that. >> i could have calibrated those words differently. >> reporter: the president's reaction though fired up right wing commentators who called the president rash and racist. tonight it's beer on a white house picnic table for the three involved -- the president, professor gates and officer james crowle

unnecessary and unlawful taking of an innocent life and public money should never be used for such a hain yeinous purpose, wo that disqualify them, in your opinion, from being a judge? >> advocate advocates on behalf of the client they have so that's a different situation than how a judge has acted in the cases before him or her. >> the only reason i mention this, judge, is that the positions you took or the fund took i think, like the speeches, tell us >> live coverage of the confirmation hearing for supreme court nominee sonia sotomayor continues this week on c-span3, c-span radio and on the web at c-span.org. we'll replay the proceedings week nights on c-span2. coming this fall, tour the home of america's highest court, the supreme court on c-span. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2009] >> "washington journal" is next on c-span. then we'll bring you part of today's sonia sotomayor confirmation hearings. and later, the u.s. house as they begin work on the annual energy and water project spending bill. .

>> yesterday i came on here with mark haines. i said, listen, i think pm is going to be huge. no one thinks anyone is smoking tobacco. i don't think, wrong, wrong. pm is not -- this is still a cheap stock with a very good yield. best management in the industry. it's a great growth story in an area where frankly we don't like it politically but we sure should like it financially. >> is it going to run into political obstacles? we're monitoring what we do as citizens. >> a lot of states, a lot of countries have cracked down on tobacco. these are countries for the most part that have not been able to convince young people that they shouldn't smoke. you know, there's a lot of peer pressure in this country not to smoke. in these other countries it's just -- it's still a way of being. >> you're looking at it beyond the u.s. market. >> pm is really just all what's left of just overseas. and the overseas market is still a very big growth market. they're just not thinking about it as a taboo like we do. >> jci, that's another one you're following. >> johnson controls importer is a good

cnbc mark hains thinks so. watch what he had to say this morning on "morning joe." >> i haven't seen a morning like this in two years. it's great. the futures are up five. i -- i -- i -- i wish i could go home! >> i wish i could go home, too. but joining us is a chief economic correspondent for "the wall street journal." john, good to see you. >> good to see you. >> john, are you as bullish? are you feeling like peter ors shortstop zag said? last week the fed seemed to suggest something similar. banks announcing billions in profits. are you feeling things are looking good some. >> i don't know if i want to go home when i'm feeling good but, you know, i -- i -- we have a mixed picture right now. what peter owners sglag said is right. we walked away from the cliff. it looked in february and march we were heading into another great depression. that's why stocks rose over the last few months. it looks like things are settling down. the big question what kind of road are we getting from here? and is the growth stron

sunshine, mark haines.mbers for us, my friend. >> good morning. >> good morning. >> willie. >> yes, sir. >> he always has to go there? why it is when i come on, she starts talking? >> it's her show. >> i thought i was supposed to start when i came on. and we have housing numbers, construction of newest homes rose in june to the highest level in seven months. and a sign builders are starting to regain confidence, except we have too many houses already. and the market didn't take that as good news. and we have ge, beating earning estimates however. and they say they did it by cutting costs. they are worried about the revenue side, the income side. and citigroup posted a nice profit today. cit still trying to fend off bankruptcy. and bps -- those are the headlines. the biggies. >> you know, mark. it's always a question for me whether i ought to listen to you on a friday morning, or just go out and get in my car and drive it straight into a bridge. it's jump ball as to what i should do? >> well, you know, if yo

mark haines. mark, this is a special moment for me.ls good. took talking to you, my friend. how are you? >> i am fine. i am fine. >> how are you feeling today? feeling okay? feeling all right? >> feeling a little apprehensive here. >> a little vulnerable right now? needing to talk through anything? >> not used to being treated so nicely. makes me wonder. >> here to help you? >> always have been, joe. >> as you told me when we hug, you care too much, joe. >> when i am standing on a walk and i see a bus coming, i always look to see you are not standing behind me. we have the futures doing nicely. we are going to go up. this will be about two things today. one is earnings. and more than earnings revenue, like dupont, it reported its earnings earlier this morning and exceeded wall street estimates. good news, right? well, not really, because the revenues missed dramatically. they made the number by cutting costs and things like that, and the revenue, you know, you can fudge how much goes into the profit column, but you did not fudge how mu

for some market strategy and perspective, john haines is joining us, a strategist at rensburg shepherdand still with us is justin stewart. john, we have seen the markets come up quite a bit. we have a number of analysts moving estimates up for the first time. are people getting a little overly enthusiastic here? we are not really seeing the economy turn as quickly as the markets would suggest. >> i think you're right to point out that we're -- the auction is getting thinner as we start to head in the u.s. towards 1,000 on the s&p. that already discounts a fairly robust earnings outlook for 2010, which is really where the attention is being directed. clearly we are taking encouragement from the fact those numbers are beginning to be edged up somewhat. but i think our own perception is that whereas in the near-term there is support for doing that, that will become more challenging as one moves into 2010. it's not that we see the world deteriorating from here, but the improvement, we think, may take longer and be harder work in the new year. as i think we would agree with the sentiment th

darlene hains was 8 months pregnant when she was killed this past weekend.pect to the police because she was suspicious the woman's actually delivered the baby girl. police won't say whether the suspect actually cut open with the mom but she was found with the child and police say she knew the mother. >> i can't really get into the specifics of that because this investigation is still very much ongoing and we're only talking a couple days into the investigation. so there is still a lot of work to be had here. clearly it was key that we found this infant. >> the baby girl's doing fine and she's with her aunt. >>> temperatures keep on climbing in the pacific northwest today. 103 degrees yesterday in seattle, the hottest temperature since the city first started keeping records in 1891. portland, oregon hit 106 degrees. one degree shy of a record there. again most of those folks don't have big air conditioners like they do in other parts of the country. the cdc held a conference on obesity in aspen this week and top officials determined we're never going to get

i'm mark haines. encouraging housing data. i don't think that's encouraging but there are worries about the quality of corporate profits. citi, bank of america, ge, the most active stocks on the big board in the wake of their results. citi and b of a are higher. ge is down. they boosted the full year r earning forecast. let's get to rebecca jarvis on the floor. >> i'm joined by matt nesto to break down numbers. kind of a tepid response as far as the market is concerned to these earnings report. we're seeing bottom line growth because of cost cutting but top line growth isn't there. >> that's disturbing. it's sort of like serenity now prayer. you can't deliver on the top line. we saw companies with a top line miss or big declines in top line growth, you can cut cost but at some point you have to start growing revenues again. g mem ge, mattel, all with a revenue miss here today. that's going to be a continued area of concern for this marketplace no doubt about it. >> there's also the area of concern that is to say maybe we have

other than mark haines, to who say whom i listen about stuff is art cashin. and he said he needs a few more days here. and he says be nimble. and i think that's obviously, in this market, the right thing to do. it looks as though the market try toes make the fools of the most number of people the most amount of time and it's doing that right now. >> and so when you listen to jpmorgan, which one do you trust as the bigger view of what's to come right now with jpmorgan and goldman sachs? >> i love those two together, rebecca. the best of times being those two, worst of times being cit. the people manage their business in a way to get through this incredible crisis over the last couple of years are reaping the benefits and unfortunately, the others are getting hurt. >> all right. so where should i put my money here? what sector am i going to be treated best? >> sean or me? >> we'll stick with you. >> we'll come back to sean. >> no surprise. i still like the tech area, mark. i think -- and is then when you get a pullback, which you're going to get at some point h

i'm mark haines, president obama has to make the sale of the century. can he close that deal?>> chrysler throwing money on the hood, doing everything it can to close that deal. offering huge incentives. have we seen thisstory before? is the government putting bambi on a black list, saying good-bye to goofy, the latest on the place where fund goes to die, washington, d.c. that's our show and it starts right now. >>> let's check the market for you. dow is up 2 1/4 and s&p is up 3. nasdaq up 11 1/2. crude oil -- it's up 8 cents. it was down more than a buck this morning. here from the trading floor, bob at the big board and roberto in chicago. cool breeze, you first. >> the market may be flat but one sector doing good is the hold building sector. the reason the home builders are moving, had earnings way above expects. these sell mostly to first time buyers but here's what's amazing, not only do earnings beat by a wide margin, write-downs even

mark haines, back to you. >> rick santelli, thank you very much. it's another blockbuster week. so far investors like what their see, but dig deeper, you'll find while companies are beating earnings estimates left and right, more and more are missing revenues. which leads to the question, are companies cutting too deep? and what does that really say about the economy and recovery? joining us now david gers of highmark capital and den shreves. the issue here of missing revenues first? >> coming out of last year, we had a very significant credit crisis. so volume are down significantly but companies move very quickly to try and preserve cash. theytoried to get away from dependence on commercial paper market a. in so doing, they set themselves up to try and be more efficient and preserve cash. as volume start to increase, we expect profit margins to accelerate from here. that's very important through the next two quarters and the rest of this year that nonfinancial earnings are expected to be down quite significantly this year and yet we're at the early stages of a possible changin

mark haines, back to you. >> rick santelli, thank you. >>> gains across the board in asia overnight. hong kong, hang seng up 3 %. highest finish since september. china's shanghai composite, up 1%. 13-month high. guy johnson, what's happening where you are? >> we're down, mark, at this stage. we were down at this stage yesterday and managed to finish in positive territory here in europe. i'm not going to call this one too early. we are seeing negative sentiment. switzerland is one exception i'm going to talk about. big reporting day in zurich. let me first deal with what's happening with porsche, the sports carmaker. we're going to see a deal between porsche and vw. vw is going to take over porsche. the ceo of porsche is going to be stepping down. he's been at the company for a long time. his payout is $70 million. that is his gold dn parachute. he is getting out of this business with a big, big payout. the company saying though that half of that money is going to go to charity. credit swiss is flying if zurich. it's this and cross town rival ubs. return on equity is 27.4. that is a l

i'm mark haines. banks break more than a week of strong starts to trading.esults from morgan stanley and wells fargo kind of taking the wind out the market sails, even a soaring boeing doesn't look like it will give enough lift to the blue chips to get an eighth day of gains. but, it's early yet. >> it's still early. i'm rebecca jarvis in for erin burnett. if to underscore the caution, bernanke back on the hill today to reiterate the need for fiscal responsibility. we'll bring you his senate side q and a session live when it begins later in the next hour. >> okay. the futures, down 840, but we get a little break here because we were two points above fair value. still, you're looking at a drop of maybe 30, 40 on the dow. >> all right. and we're going to find out how this porning's news is playing out in early market action. we've got it covered. reporters are standing by. we begin with bob pisani here at the big board. bob? >> good morning. interesting mixed picture here on the earnings front. boeing came out with good numbers. beat by 20 cents. one of the fe

unnecessary and unlawful taking of an innocent life and public money should never be used for such a hain yeinous purpose, wo that disqualify them, in your opinion, from being a judge? >> advocate advocates on behalf of the client they have so that's a different situation than how a judge has acted in the cases before him or her. >> the only reason i mention this, judge, is that the positions you took or the fund took i think, like the speeches, tell us >> the senate judiciary committee has wrapped up its confirmation hearings. the next step is for her nomination to be voted on in judiciary committee. they are scheduled to meet on tuesday to consider the nomination, and the vote is possible that day. if she is voted out of committee, she will face a vote in the senate. democrats hope to have a confirmation vote in the full senate before the august recess. that means she would be in place for an argument to the supreme court is scheduled to hear on september 9. watch c-span for the latest on the confirmation for judge sonia sotomayor. and tomorrow, more highlights from the confirmation hea

unnecessary and unlawful taking of an innocent life and public money should never be used for such a hain yeinous purpose, wo that disqualify them, in your opinion, from being a judge? >> advocate advocates on behalf of the client they have so that's a different situation than how a judge has acted in the cases before him or her. >> the only reason i mention this, judge, is that the positions you took or the fund took i think, like the speeches, tell us some things and we'll have a chance to talk more about yo , but i believe the opportunity to talk to you. >> thank you, senator graham. senator durbin. >> thank you, mr. chairman, judge, good to see you again. >> hello, senator. thank you. and i thank you again for letting me use your conference room when i was as hobbled as i was. >> you were more than welcome there and there was more traffic of senators in my conference room than i've seen since i was elected to the senate. this has been an interesting exercise today for many of us who have been on the judiciary committee for a while because the people new to it may not know but there's

i'm mark haines.they're going to push to the plus side after cit gets a $3 billion lifeline. cnbc confirms cit has reached an agreement with key bondholders that staves off bankruptcy, at loose for the moment. and buys the small business lender more time. >> hello. i'm rebecca jarvis in for erin burnett. today kicks off a huge week with quarterly reports from nearly 30% of the s&p 500. 40% of the dow 30. mark? >> futures right now looking good. we're up 560. we needed 0.28. pretty much what you see is what you get. 40 points on the dow? >> cit headline, a very important one. cit lifeline, one that we will continue to delve into. right now senior economics reporter steve liesman back at hq with the latest. hey, steve. >> thanks. as you said, cnbc is on the cit's board of directors last night. it hopes will stave off bankruptcy for the small business lender at least in the short term. this is financially, not capital yet. official announcements expected this morning on the loan. carries a 2 1/2-year ter

i'm mark haines. investors's attention going to get caught in a tug-of-war this morning.side, we've got bernanke, on the other we have earnings from big dow components out already, caterpillar rigging up the biggest premarket gaines. the dow looking to open not too bad. it's going to extend the six-day winning streak at the oerng the tenth day of gains. and at s&p starting off from its highest close of the year. in fact, the highest close since november of last year. >> not too bad. i'm rebecca jarvis in for erin burnett. ben bernanke on the hill to deliver his most important semiannual testimony on monetary policy. the key words to listen for "inflation," exit strategy," also kw "timing" is going to be important because we wanted to know when we can expect an exit to take place. we'll also bring that to you live and uninterrupted at the top of the next hour. mentioned, noting too that bad. we are up 4.10. closed a point above fair value. it's all good. >> west coast viewers wake up this morning to california governor arnold schwarzenegger and the state's legislative lead

i'm mark haines. the bull is looking to take back the reins after yesterday's winning streak.ting banks behind them. investors concentrating on upbeat reports from ford, at&t, and mcdonald's. >> mcdonald's was in line with expectations. i'm rebecca jarvis. optimism void bi-weekly jobless claims, coming in smaller as some had feared. the seasonal adjustments, auto plant closures, that sort of thing playing into these  numbers. >> that really made them less than reliable the last couple of weeks. they need to get past this period where they keep doing the seasonal adjustments. futures reet now as you can see, not great. we're up 260. needed 1.50. that's a relief. flat to slightly positive. >> now, as everybody knows, cnbc is earnings central. but this morning, "squawk on the street" is ceo central. check out the lineup. live, first interviews for our morning beginning at 9:30 a.m., qualcomm ceo paul jacobs joins, greg donahue will join us, and at 10:00 a.m., doug parker. he is the chairman opd ceo of us airways. he will be with us. jordan ce dorks is up next. and at 10:30, jim

unnecessary and unlawful taking of an innocent life and public money should never be used for such a hainnous purpose, wo that disqualify them, in your opinion, from being a judge? >> advocate advocates on behalf of the client they have so that's a different situation than how a judge has acted in the cases before him or her. >> the only reason i mention this, judge, is that the positions you took or the fund took i think, like the speeches, tell us is [captions copyright national cable satellite corp. 2009] [captioning performed by national captioning institute] tonight spend an hour with the "wall street journal" technology expert on "q&a." >> how is c-span funded? >> donations? >> taxpayer funded possibly? >> philanthropy. >> fund-raising? >> 30 years ago america's cable companies created it as a public service, a private business initiative. no government mandate. no government money. >> the nation's governors have gathered this weekend for the annual meeting. this open iing recess has remar by a chinese official and his company's investments in infrastructure. you will hear discussio

. >> today correspondent sara haines teamed up with body language expert janine driver to explain theeras were there, we had two ladies go on a blind date with lucky guy alex. observing the first date from a distance, our expert waiter reviewed their actions. >> sara, look what's happening here? we're zooming in on the hands. watch what's about to happen. we don't want to see on a date your hands folded like that. that's very passive. not a lot of openness with her. >> he is. >> so he's super confident. this arm here on top. he is creating a barrier to everybody else. his other arm, his inside arm is actually lower. so it does show that he's treating her with respect. but look at this. they're like sev fee apart. if they liked each other they would literally move the chairs. they'd want to get closer to each other. >> after the date we checked in with the couple. how did you like him? like was there -- >> i, you know, i liked him. he was an interesting guy. he had a lot to say. >> you had your hands up on the table. there was kind of a blocked off body. did you feel closed at all? >>